Is Gary, IN a good place to invest in rental property?

Gary, IN has a median modeled monthly cash flow of $304 and a median cap rate of 9.2%, on a median sold price of $119,000. Prices changed +6.5% year over year.

What is the average cap rate in Gary, IN?

The median cap rate across recently sold homes in Gary, IN is 9.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Gary, IN?

The median sold price in Gary, IN is $119,000 (about $82 per square foot).

Investing in Gary, IN Real Estate

#74 cash-flow market in the U.S.

A data-driven snapshot of the Gary, IN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$119,000Median sold price

$82Median $/sqft

9.2%Median cap rate

$304Modeled cash flow / mo

+6.5%Appreciation YoY

9.8Months of supply

616Active listings

755Sold (last 12 mo)

What the Gary numbers say

In Gary, IN, the median home sold for $119,000 (about $82 per square foot), and the typical deal models out to a 9.2% cap rate with a median $304 of monthly cash flow. Sold prices moved +6.5% over the past year. Inventory sits at about 9.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Indiana markets to compare

See Gary cash-flowing listings

CashFlowRE ranks every for-sale home in Gary, IN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Gary deals, or browse the national market data.